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Why Big Businesses Should Invest in Education

Posted By Brennon Thompson, Thursday, January 15, 2015

There is no doubt that the global market is becoming increasingly more competitive and sophisticated.  Companies are able to operate all around the world and there is an acute demand for skilled labor.  Unfortunately, the potential of nearly a billion workers in the global labor force remains untapped due to lack of education. There are chronic failures in childhood and adult education to provide basic literacy and arithmetic, stunting opportunities for economic growth.  Without these fundamental foundations, levels of higher skill and productivity are unattainable. 

Multi-national corporations have started including education into their corporate social responsibility (CSR) budgets, but it’s only a fraction of what is needed.  One of the pitfalls of CSR education spending is that it is often spent on secondary and mastery levels of education.  However important, education funding would have a much larger impact when spent on primary education.  An increase in primary education will naturally lead to an increase in secondary education, as more and more people have the foundations to pursue a higher education. 

The Global Business School Network along with co-hosts IPADE Business School and the University of Miami School of Business will host an international CSR Summit featuring some of the world’s premier management educators to discuss the new and innovative ways institutions are shaping our future responsible managers and leaders. Leading business school deans, directors and professors from around the globe will convene at Tampa Museum of Art in Florida on Saturday April 25, 2015, to learn how business schools around the world are incorporating CSR into their programs and teaching practices - and what challenges they face.

>> Click here for the full Guardian article

>> Click here to register for the GBSN CSR Summit

Brennon Thompson is the Communications and Event Planning Intern at the Global Business School Network

Tags:  Business Education  CSR  Sustainable Business  Sustainable Development 

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